FLEH Fund Description

FLEH tracks a market-cap-weighted and currency-hedged index of large- and midcap companies in developed Europe.

FLEH Factset Analytics Insight

FLEH provides regional large- and midcap equity exposure to 15 European countries while hedging out currency fluctuations for USD-based investors. The fund generally holds individual stock positions but may also gain equity exposure via the Franklin FTSE Europe ETF (FLEE). The underlying index hedges out foreign currency exposure with rolling monthly forward contracts. As a result, FLEH should outperform unhedged peers when the euro, pound, and other related currencies are declining. The concept is hardly original, but FLEH undercuts its established competitors with a very low expense ratio.

FLEH MSCI ESG Analytics Insight

The MSCI ESG Fund Quality Score measures the ability of ETF underlying holdings to manage key medium to long-term risks and opportunities arising from environmental, social, and governance factors, as determined by MSCI ESG Research LLC. As of May 23, 2019 the Franklin FTSE Europe Hedged ETF MSCI ESG Fund Quality Score is 7.37 out of 10.

The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. FLEH ranks in the 51st percentile within its peer group and in the 93th percentile within the global universe of all funds in MSCI ESG Fund Metrics coverage.

FLEH Factset Analytics Block Liquidity

This measurement shows how easy it is to trade a $1 million USD block of FLEH. FLEH is rated a 4 out of 5.

FLEH Tradability

Avg. Daily Share Volume
11,576

Average Daily $ Volume
$317.29K

Median Daily Share Volume
68

Median Daily Volume ($)
$2.34K

Average Spread (%)
0.29%

Average Spread ($)
$0.07

Median Premium / Discount (12 Mo)
0.03%

Max. Premium / Discount (12 Mo)
4.12% / -2.62%

Impediment to Creations
None

Market Hours Overlap
31.00%

Creation Unit Size (Shares)
200,000

Creation Unit/Day (45 Day Average)
0.00

Creation Unit Cost (%)
0.06%

Underlying Volume / Unit
0.02%

Open Interest on ETF Options
--

Net Asset Value (Yesterday)
$23.05

ETF.com Implied Liquidity
4

FLEH Sector/Industry Breakdown

FLEH

Segment Benchmark

Financials

19.99%

19.13%

Consumer Non-Cyclicals

13.68%

12.87%

Healthcare

13.47%

12.35%

Industrials

12.10%

12.63%

Consumer Cyclicals

10.81%

10.63%

Energy

9.36%

8.57%

Basic Materials

6.46%

6.21%

Technology

4.97%

5.62%

Utilities

3.56%

3.44%

Telecommunications Services

3.46%

3.30%

FLEH TOP 10 HOLDINGS[View All]

Nestle S.A.
3.33%

Roche Holding AG
2.09%

Novartis AG
2.06%

HSBC Holdings Plc
1.89%

FUTURES
1.61%

Royal Dutch Shell Plc Class A
1.57%

BP p.l.c.
1.54%

Total SA
1.48%

SAP SE
1.38%

Royal Dutch Shell Plc Class B
1.33%

Total Top 10 Weighting
18.28%

FLEH Countries

FLEH

Segment Benchmark

United Kingdom

27.79%

28.37%

France

17.03%

15.85%

Switzerland

14.07%

13.21%

Germany

13.70%

13.13%

Netherlands

5.07%

5.44%

Spain

4.98%

4.70%

Italy

4.05%

4.00%

Sweden

3.78%

4.92%

Denmark

2.83%

2.87%

Finland

1.79%

2.01%

FLEH Regions

FLEH

Segment Benchmark

Europe

99.66%

99.23%

North America

0.34%

0.77%

FLEH Economic Development

FLEH

Segment Benchmark

Developed Countries

99.42%

100.00%

Emerging Countries

0.58%

--

FLEH Performance Statistics

Goodness of Fit (R2)
0.85

Beta
0.80

Up Beta
0.72

Down Beta
0.87

Downside Standard Deviation
0.36%

Segment Benchmark
MSCI Europe IMI

FLEH MSCI ESG Ratings

MSCI ESG Quality Score
7.37 / 10

Peer Group Percentile Rank
50.95

Global Percentile Rank
92.76

SRI Screening Criteria Exposure
13.60%

Exposure to Sustainable Impact Solutions
5.58%

Weighted Average Carbon Intensity (t CO2e/$M Sales)
150.15

FLEH BENCHMARK COMPARISON HOLDINGS

FLEH Number of Holdings
590

Benchmark Constituents
1414

Shared Holdings
509

Shared Holdings Weight
87.25%

FLEH BENCHMARK COMPARISON SUMMARY

FLEH

Segment Benchmark

Number of Holdings

590

1414

Weighted Average Market Cap

$75.73B

$67.77B

Price / Earnings Ratio

16.55

16.88

Price / Book Ratio

1.75

1.78

Dividend Yield

3.52%

3.44%

Concentration

Low

Low

FLEH BENCHMARK COMPARISON MARKET CAP SIZE

FLEH

Segment Benchmark

Large (>12.9B)

80.82%

74.05%

Mid (>2.7B)

19.14%

20.06%

Small (>600M)

0.04%

5.31%

Micro (<600M)

0.00%

0.58%

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MSCI ESG Research LLC’s ("MSCI ESG") Fund Metrics products (the "Information") provide environmental, social and governance data with respect to underlying securities within more than 24,000 multi-asset class Mutual Funds and ETFs globally. MSCI ESG is a Registered Investment Adviser under the Investment Advisers Act of 1940. MSCI ESG materials have not been submitted to, nor received approval from, the US SEC or any other regulatory body. None of the Information constitutes an offer to buy or sell, or a promotion or recommendation of, any security, financial instrument or product or trading strategy, nor should it be taken as an indication or guarantee of any future performance, analysis, forecast or prediction. None of the Information can be used to determine which securities to buy or sell or when to buy or sell them. The Information is provided "as is" and the user of the Information assumes the entire risk of any use it may make or permit to be made of the Information.